I have in the recent past signed an employee non-disclosure agreement. I have worked as a social media manager of a very famous actress and one of the requirements was to sign a non-disclosure agreement that prevented me from disclosing any information about her life to anyone including my family and friends. The scope of the agreement was that I had to keep any confidential information about the actress secret and not to use the information for personal gain. This meant that I had to take measures that would prevent the public from accessing the private and personal information of the actress.
The terms of the agreement were fair and provided the basis of the consequences of what would happen if the parties involved breached the agreement. The individual who breaks the NDA would pay the other party back. The agreement stated the compensatory and punitive damages one would pay in case of breach of the contract. Other consequences that would follow is that my contract salary would be reduced and my employment terminated. I followed all the contractual obligations to avoid the above penalties and develop my resume. As an employee, I ensured the agreement provided an injunction clause that stopped the actress from breaching the terms of the agreement.
Other common types of agreements discussed by my classmates include cooperative agreement and grant. The cooperative agreement involves sponsorship and collaborative work with students who do research projects. Grants offer money to students or businesses and expect no returns but their final report. Another consequence of breaching an agreement is paying for the liquidity damages to compensate for the delay and loss. Breaching an agreement may lead to imprisonment.
I have in the recent past signed an employee non-disclosure agreement. I have worked as a social media manager of a very famous actress and one of the requirements was to sign a non-disclosure agreement that prevented me from disclosing any information about her life to anyone including my family and friends. The scope of the agreement was that I had to keep any confidential information about the actress secret and not to use the information for personal gain. This meant that I had to take measures that would prevent the public from accessing the private and personal information of the actress.
The terms of the agreement were fair and provided the basis of the consequences of what would happen if the parties involved breached the agreement. The individual who breaks the NDA would pay the other party back. The agreement stated the compensatory and punitive damages one would pay in case of breach of the contract. Other consequences that would follow is that my contract salary would be reduced and my employment terminated. I followed all the contractual obligations to avoid the above penalties and develop my resume. As an employee, I ensured the agreement provided an injunction clause that stopped the actress from breaching the terms of the agreement.
Other common types of agreements discussed by my classmates include cooperative informationand grant. The cooperative agreement involves sponsorship and collaborative work with students who do research projects. Grants offer money to students or businesses and expect no returns but their final report. Another consequence of breaching an agreement is paying for the liquidity damages to compensate for the delay and loss. Breaching an agreement may lead to imprisonment.